• The upgrade to XenForo 2.3.7 has now been completed. Please report any issues to our administrators.

Social War Room Lounge Thread #325: PotWR Edition

Islam Imamate said:
Mortgages are subsidized by the government in that FHA loans are backed by the government and you can deduct interest on your mortgage from your taxes. To be fair I'm assuming you guys have taken our FHA loans and take advantage of the mortgage interest deduction but I think it's not an unreasonable assumption.
Click to expand...
Yawn
LangfordBarrow said:
Had to laugh but I don't think that's fair. If you're looking for solutions to the housing crising I think some of your points make sense. If you're a property owner, and that's usually someone's biggest investment, it's only natural you care more about your property values rising than other people being homeless.
Click to expand...
Islam thinks people shouldn’t look at housing as an investment. He is detached from reality.
Islam Imamate said:
Just buy bitcoin then, problem solved.
Click to expand...
The smartest thing you’ve ever said.
Mr Holmes said:
I don't have an FHA. And throwing tax deductions into the category of state subsidies is a crazy stretch. Everyone takes deductions.
Click to expand...
It’s a silly argument.
 
Mr Holmes said:
I don't have an FHA. And throwing tax deductions into the category of state subsidies is a crazy stretch. Everyone takes deductions.
Click to expand...
A tax deduction is a quintessential state subsidy.
A subsidy, subvention or government incentive is a type of government expenditure for individuals, households, or businesses.

Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services.
Click to expand...
https://en.m.wikipedia.org/wiki/Subsidy

I'm not against this btw but it's unambiguously a subsidy.
 
Rob Battisti said:
Yawn
Click to expand...
why-are-you-booing-me-im-right.gif

Rob Battisti said:
Islam thinks people shouldn’t look at housing as an investment. He is detached from reality.
Click to expand...
If housing is going to be an investment then why not let people invest in their primary residence to increase its value by adding units? Isn't that how people typically improve the value of their physical capital, by increasing it's utility through capital investments? If I invest in a restaurant business I can expand the business through investment by adding an extra floor for more arresting but I shouldn't be allowed to expand my SFH into a multifamily one because it bothers busybody neighbors like you?
Rob Battisti said:
It’s a silly argument.
Click to expand...
It's not, it just hurts your feelings.
 
Islam Imamate said:
why-are-you-booing-me-im-right.gif


If housing is going to be an investment then why not let people invest in their primary residence to increase its value by adding units? Isn't that how people typically improve the value of their physical capital, by increasing it's utility through capital investments? If I invest in a restaurant business I can expand the business through investment by adding an extra floor for more arresting but I shouldn't be allowed to expand my SFH into a multifamily one because it bothers busybody neighbors like you?

It's not, it just hurts your feelings.
Click to expand...
Why do you prefer a rental society
 
Islam Imamate said:
A tax deduction is a quintessential state subsidy.

https://en.m.wikipedia.org/wiki/Subsidy

I'm not against this btw but it's unambiguously a subsidy.
Click to expand...
That seems silly to me. I don't know anyone that bought a home because the deductions. I'm not even sure it helped us. Regardless, my lifestyle would be the same even if I couldn't deduct the interest.
 
Mr Holmes said:
That seems silly to me. I don't know anyone that bought a home because the deductions. I'm not even sure it helped us. Regardless, my lifestyle would be the same even if I couldn't deduct the interest.
Click to expand...
None of that changes the fact that it's a subsidy and I'm not sure why pointing that out is silly. Like I said there's nothing necessarily wrong with that but it is what it is.
Rob Battisti said:
And I’m stopping others from this benefit how?
Click to expand...
By supporting artificial barriers to home ownership
 
Islam Imamate said:
None of that changes the fact that it's a subsidy and I'm not sure why pointing that out is silly. Like I said there's nothing necessarily wrong with that but it is what it is.

By supporting artificial barriers to home ownership
Click to expand...
In your fantasy world no one has a mortgage because everyone is renting from Blackrock
 
Rob Battisti said:
In your fantasy world no one has a mortgage because everyone is renting from Blackrock
Click to expand...
The reason institutional investors like Blackrock find SFHs attractive is because the scarcity created by NIMBYs like you make SFHs attractive investments for institutional investors. You can't encourage housing as an investment, induce scarcity, and then expect that institutional investors won't take advantage. This despite the fact that owner-occupied homes are, as I've pointed out, subsidized by investors.

In my world you would reduce the barrier to home ownership by reducing minimum lot sizes, getting rid of parking requirements, and allowing prefab homes to increase the supply of starter homes.
 
Islam Imamate said:
The reason institutional investors like Blackrock find SFHs attractive is because the scarcity created by NIMBYs like you make SFHs attractive investments for institutional investors. You can't encourage housing as an investment, induce scarcity, and then expect that institutional investors won't take advantage. This despite the fact that owner-occupied homes are, as I've pointed out, subsidized by investors.

In my world you would reduce the barrier to home ownership by reducing minimum lot sizes, getting rid of parking requirements, and allowing prefab homes to increase the supply of starter homes.
Click to expand...
Yeah and I have no problem with any and all new developments having whatever regulations they want.

You equate getting rid of nearly all zoning restrictions with supporting the development of artificial barriers to home ownership
 
Rob Battisti said:
Yeah and I have no problem with any and all new developments having whatever regulations they want.
Click to expand...
So to be clear you do support artificial barriers in existing developments?
Rob Battisti said:
You equate getting rid of nearly all zoning restrictions with supporting the development of artificial barriers to home ownership
Click to expand...
Not all zoning requirements, just ones that block reasonable infill housing and small scale, low impact businesses.
 
Islam Imamate said:
So to be clear you do support artificial barriers in existing developments?

Not all zoning requirements, just ones that block reasonable infill housing and small scale, low impact businesses.
Click to expand...
“Supporting artificial barriers” JFC dude yes is supporting zoning. You know, zoning? The stuff that exists everywhere?
 
Rob Battisti said:
“Supporting artificial barriers” JFC dude yes is supporting zoning. You know, zoning? The stuff that exists everywhere?
Click to expand...
Banning chemical plants in residential neighborhoods is one thing, banning prefab homes and duplexes is another. The latter is an artificial barrier meant to induce scarcity so as to benefit a class of investors at the expense of less well off consumers. You admit this but see no issue with it while I do.
 
Btw don't you live in Texax Rob? Manufactured homes may be coming to a neighborhood near you.
 
You must log in or register to reply here.

Latest posts

Forum statistics

Threads
1,271,388
Messages
57,713,773
Members
175,814
Latest member
Geovane santos

Share this page

Back
Top